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Will this be subjected to a vote at the AGM? Can each shareholder decide on the option to take or is it a collective decision in which the majority shareholders will carry the day?

Curious on how the stock price will be marked down.

In addition how quickly will the shareholder be able to inform the company of what decision he or she has taken? Do they have that provision in the E bonus/Dividend forms ? I would really love to see companies introduce DRIP.

Will this be subjected to a vote at the AGM? Can each shareholder decide on the option to take or is it a collective decision in which the majority shareholders will carry the day?

Curious on how the stock price will be marked down.

Shareholders will elect the option they like to exercise most likely at the AGM and shareholders who are not present will be given a default option which I believe will be the dividend. The value of both benefits are about the same in terms of mark down are about the same thing....N8

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when an earthworm begins to crawl like a millipede, it's time to run to the king's palace...naked! - horlads

A hen that leaves her chicks unguarded should not complain when the predatory hawk comes calling - horlads

Shareholders will elect the option they like to exercise most likely at the AGM and shareholders who are not present will be given a default option which I believe will be the dividend. The value of both benefits are about the same in terms of mark down are about the same thing....N8

Thats rather unfair to Shareholders who are not going to be present at the AGM? I would rather the companies gives shareholders who are not present the bonus by default so that in that way there is no question of missing or unclaimed dividend warrants. In any case, there should be a proper way for shareholders to exercise their right in a timely manner . You dont have to come from London to attend AGM. I hope companies address this going forward

Thats rather unfair to Shareholders who are not going to be present at the AGM? I would rather the companies gives shareholders who are not present the bonus by default so that in that way there is no question of missing or unclaimed dividend warrants. In any case, there should be a proper way for shareholders to exercise their right in a timely manner . You dont have to come from London to attend AGM. I hope companies address this going forward

Valid point. Unfortunately, things are so manually done here. The Company or registrar could easily have put a form on their websites for shareholders not attending to indicate by online their preference.

Valid point. Unfortunately, things are so manually done here. The Company or registrar could easily have put a form on their websites for shareholders not attending to indicate by online their preference.

Shareholders will elect the option they like to exercise most likely at the AGM and shareholders who are not present will be given a default option which I believe will be the dividend. The value of both benefits are about the same in terms of mark down are about the same thing....N8

Are you sure? Won't this be a nightmare? Going through thousands of forms just to decide which option a shareholder has selected? I thought it was going to be a collective decision and what ever decision is taken is binding on all share holders

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“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith

Even if all other shareholders decide to go for the bonus option while Diageo opts for the dividend option, Diageo controlling stake will slightly fall to 53 percent. Therefore, it still controls the major stake in Guinness Nigeria. Against this backdrop, we expect the major shareholder in Guinness Nigeria to opt for the dividend option. We equally expect most of the shareholders to opt for the dividend option in view of the fact that the share price of the company has stagnated at N260 per share in the last few days. Qualification date is October 5, 2012

This looks like each Shareholder will be able to decide which option to take like Sir Horlads explained. This looks like an AGM one needs to attend.

__________________The cheapest stock in an overvalued market may still be overvalued